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Study: 2012 Eagle Ford Ops Added $61B to Economy
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Development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact during 2012, according to a study released by the Center for Community and Business Research in The University of Texas at San Antonio Institute for Economic Development. In addition, the region supported 116,000 full-time jobs for workers in oil and gas, drilling, support operations, pipeline construction, refineries and petrochemicals.
Highlights of the UTSA study concluded that shale development: generated $61 billion and 116,000 jobs for the 20-county region in 2012; will generate $89 billion and 127,000 jobs for the 20-county region in 2022; added more than $1 billion in total local government revenue in 2012; provided $1.2 billion in estimated State revenue in 2012."The…
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